Wespac Advisors adds ONEOK (OKE) to its portfolio

ONEOK (OKE) : Wespac Advisors added new position in ONEOK during the most recent quarter end. The investment management firm now holds 13,767 shares of ONEOK which is valued at $605,197 , the company said in a statement filed on Jul 26, 2016 with the SEC.ONEOK makes up approximately 0.61% of Wespac Advisors’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp reduced its stake in OKE by selling 780 shares or 38.42% in the most recent quarter. The Hedge Fund company now holds 1,250 shares of OKE which is valued at $54,950.Ls Investment Advisors reduced its stake in OKE by selling 3,016 shares or 29.03% in the most recent quarter. The Hedge Fund company now holds 7,372 shares of OKE which is valued at $339,481. ONEOK makes up approx 0.02% of Ls Investment Advisors’s portfolio.Gradient Investments reduced its stake in OKE by selling 22 shares or 20.95% in the most recent quarter. The Hedge Fund company now holds 83 shares of OKE which is valued at $3,959.

ONEOK opened for trading at $43.78 and hit $44.94 on the upside on Friday, eventually ending the session at $44.79, with a gain of 1.61% or 0.71 points. The heightened volatility saw the trading volume jump to 26,09,829 shares. Company has a market cap of $9,411 M.

On the company’s financial health, ONEOK reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2117.86.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Company shares were Upgraded by Barclays on May 9, 2016 to ” Overweight”, Firm has raised the Price Target to $ 49 from a previous price target of $27 .

ONEOK Inc. is the sole general partner of ONEOK Partners L.P. (ONEOK Partners) a master limited partnership engaged in the gathering processing storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

Leave a Reply

ONEOK - Is it time to Sell?

Top Brokerage Firms are advising their investors on ONEOK. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.